Brookfield Reserve
405 Bishops Way,
Brookfield, WI 53005
Studio - 2 Beds | $1,759 - $2,224
Rental Market Trends in Elm Grove, WI
Updated August 2026
The average rent in Elm Grove, WI is $2,021/month.
Rent in Elm Grove is 22% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.
$2,021/month
Average Rent
856 Sq Ft
Average Size
-1.4%
Change / Year
108
Available Apartments
Elm Grove rent varies by unit size and layout:
- Studio apartments in Elm Grove average per month.
- One-bedroom apartments in Elm Grove average $2,021 per month.
- Two-bedroom apartments in Elm Grove average $2,997 per month.
- Three-bedroom apartments in Elm Grove average $3,733 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Elm Grove, WI?
In the past year, rent has decreased by 1.4%, which averages out to $27 less per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Elm Grove, WI
August 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
What salary do I need to live comfortably in Elm Grove, WI?
Because the average rent in Elm Grove is $2,021, you’ll want to make about $6,736 per month or $80,832 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Elm Grove, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare Elm Grove, WI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Brookfield
Avg Rent: $1,709/month
-
Wauwatosa
Avg Rent: $1,552/month
-
Butler
Avg Rent: $932/month
-
West Allis
Avg Rent: $1,245/month
-
New Berlin
Avg Rent: $1,478/month
-
Milwaukee
Avg Rent: $1,221/month
-
West Milwaukee
Avg Rent: $719/month
-
Menomonee Falls
Avg Rent: $1,442/month
Apartment Communities in Elm Grove We Think You'll Love
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Frequently Asked Questions
What is the average rent in Elm Grove?
The average rent in Elm Grove is $2,021 per month, which is 21.5% higher than the national average of $1,663.
Are rents going up or down in Elm Grove?
Rents in Elm Grove, WI are decreasing, with prices down 1.4% year-over-year and $27 less per month.
What rent range is most common in Elm Grove?
In Elm Grove, WI, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.